3001 38th Avenue

Oakland, CA 94619

$1,298,000
Price
Beds
5,948 Sq. Ft.
$218 / Sq. Ft.
5,948
Sq. Ft.
$218
per Sq. Ft.

Description

3001 38th Ave and 3768 Penniman Ave 2 parcels #32-2030-109 and #33-2030-110 sell together. 3001-3017 38th Ave has 6 units, 5948 Sq,ft building, 4471 sq.ft lot, rent $7182 per month. The back 3768 Penniman Ave is 5060 sq.ft lot, possible to build another 4 units, please verify that with city. The front building tenants park in the back lot with automatic sliding fence gate. 5 separate water meters, 7 gas maters and electricity meters. Owner only pay upstairs 2 residential units garbage. 3001 commercial,...3001 38th Ave and 3768 Penniman Ave 2 parcels #32-2030-109 and #33-2030-110 sell together. 3001-3017 38th Ave has 6 units, 5948 Sq,ft building, 4471 sq.ft lot, rent $7182 per month. The back 3768 Penniman Ave is 5060 sq.ft lot, possible to build another 4 units, please verify that with city. The front building tenants park in the back lot with automatic sliding fence gate. 5 separate water meters, 7 gas maters and electricity meters. Owner only pay upstairs 2 residential units garbage. 3001 commercial, rent $1500, 3005 Commercial $950, 3015 commercial $950, 3017 commercial $950, upstairs 2 residential units , 3007 is 2 bed 1 bath $1596.50, 3011 is 2bed 2 bath $1236, total $86,184.00 per year. Possible seller finance.
  1. Listed by Yang Cao • DRE #01364034 • JOIN RE GROUP INC.

Property Details for 3001 38th Avenue

City
OAKLAND
Building Type
5 or More Units
Property Sub Type
5 or More Units
Garage Spaces
0
Garage/Parking
Off-Site Parking, Parking Area
Total # Parking Spaces
10

Location

Listing Courtesy of JOIN RE GROUP INC., Yang Cao, DRE #01364034
Add your commute
LISTING UPDATED: 12/30/2023 12:35 PM

Property Details for 3001 38th Avenue

StatusActive
MLS #40990231
Days on Compass733
Taxes$9,000 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1928
Lot Size0.22 AC / 9,531 SF
CountyAlameda County

Location

Listing Courtesy of JOIN RE GROUP INC., Yang Cao, DRE #01364034
Add your commute

Building Information for 3001 38th Avenue

Stories-Residences6Year Built1928Building Size-Lot Size0.22 AC / 9,531 SF

Payment Calculator

$7,834 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,084

Property Taxes

$750

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3001 38th Avenue

Features
Feature Details
  • Flooring: Other
Room Details
  • Rooms Total: 0
  • Bathrooms Total Count: 0.0
  • Bathrooms Half: 0
Utility Details
  • Cooling: None
  • Heating: Gas
  • Water/Sewer: Sewer System - Public
Lot / Property Details
Home Owners Association
  • HOA Amenities: Other
  • HOA Dues: $.00
Property Details
  • Additional Equipment: Other, Smoke Detector, Individual Electric Meter, Individual Gas Meter
  • City Transfer Tax: Yes
  • Exterior: Stucco
  • Lot Description: Corner, Level
  • Lot Sq Ft Apx: 9531
  • Lot Size Square Feet: 9531.0
  • Roof: Unknown
  • Sq Ft Apx: 5948
  • Stories: 0.0
  • Year Built: 1928
  • Zoning: Comm
Location Details
  • Directions to Property: 35th Ave to 38th AVe
  • FIPS Code: 06001
  • Census Tract: MAP24 PG
  • Parcel Number: 322030109
  • Printed Neighborhood Rpt: Yes
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • Units Total: 6
  • Basement: None
  • Separate Meters: Electric, Gas, Water
  • Tenant Pays: Electric, Trash, Water
  • Financial Data Source: Estimated
Multi Family 5+ Information
Unit 1
  • Unit 1 # Units This Type?: 3001
  • Unit # 1 Occupied By: Owner
  • Unit # 1 # of Bathrooms: 1
  • Unit # 1 Parking Spaces: 2
  • Unit # 1 Approx SqFt: 1500
  • Unit # 1 Rent: 0
Unit 2
  • Unit 2 # Units This Type?: 3005
  • Unit # 2 Occupied By: Tenant
  • Unit # 2 # of Bathrooms: 1
  • Unit # 2 Parking Spaces: 2
  • Unit # 2 Approx SqFt: 800
  • Unit # 2 Rent: 950
Unit 3
  • Unit 3 # Units This Type?: 3007
  • Unit # 3 Occupied By: Tenant
  • Unit # 3 Refrigerator: Yes
  • Unit # 3 Range Oven: Yes
  • Unit # 3 # of Bedrooms: 2
  • Unit # 3 # of Bathrooms: 1
  • Unit # 3 Parking Spaces: 2
  • Unit # 3 Approx SqFt: 1150
  • Unit # 3 Rent: 1596.50
Unit 4
  • Unit 4 # Units This Type?: 3011
  • Unit # 4 Occupied By: Tenant
  • Unit # 4 Refrigerator: Yes
  • Unit # 4 Range Oven: Yes
  • Unit # 4 # of Bedrooms: 2
  • Unit # 4 # of Bathrooms: 1
  • Unit # 4 Parking Spaces: 2
  • Unit # 4 Approx SqFt: 1150
  • Unit # 4 Rent: 1236
Unit 5
  • Unit 5 # Units This Type?: 3015
  • Unit # 5 Occupied By: Tenant
  • Unit # 5 # of Bathrooms: 1
  • Unit # 5 Parking Spaces: 2
  • Unit # 5 Approx SqFt: 980
  • Unit # 5 Rent: 950
Building Details
  • Additional Features-Misc: Other
  • Apx Lot Acres: 0
  • On Site Parking Description: Off Site Parking, Parking Area, On Street, Remote, RV Access
  • Tot Ann Oper Exp: 11000.0
  • Total Deposits: 8450
Income / Expense Details
  • Annual Exp Year: 11000
  • Annual Gross Sched Income: $120,000
  • Annual Insurance Expense: $2,000
  • Annual License Expense: $1,000
  • Annual Maint Expense: $1,000
  • Annual Mgmt Expense: $0
  • Annual Misc Income: $0
  • Annual Rent Income: $86,184
  • Annual Taxes: $9,000
  • Annual Util Expense: $1,200
  • Annual Vacancy: 0.0
  • Gross Income: $86,184
  • Gross Operating Actual Income: $86,184
  • Gross Rent Multiplier: 6.6%
  • Net Operating Income: $75,000
  • Other Annual Expense: $500
Other Financial Information
  • Cap Rate: 4.8%
  • Existing Loan: Other
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 3001 38th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3001 38th Avenue

Taxable ValueLand$106,521Additions$142,028Total$248,549
Tax Record2023$6,399 ($533 / month)
Home Facts
Total Finished SqFt5,948 SqFtAbove Grade Finished SqFt5,948 SqFtStories2Lot Size4,471 SqFtStyleOffice BuildingYear Built1928CountyALAMEDAAPN32-2030-109

Schools near 3001 38th Avenue

This home is within Oakland Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 9
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Allendale Elementary School
PublicK to 5

Bret Harte Middle School
Public6 to 9

Skyline High School
Public9 to 12

Melrose Leadership Academy
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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3001 38th Avenue is a multi-family home for sale in Oakland, CA 94619. This property was listed for sale on April 23, 2022 by JOIN RE GROUP INC., it's currently listed at $1,298,000. It has been on the market for a total of 733 days and was last sold on July 22, 2009. This listing's school district is Oakland Unified School District. Nearby schools include Allendale Elementary School, Bret Harte Middle School and Skyline High School. 3001 38th Avenue is a 0-bed, 0-bath, 5,948 sqft multi-family home built in 1928.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of JOIN RE GROUP INC., Yang Cao, DRE #01364034

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.